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China’s zinc giant to start dig in NovSep 08, 2008 SHANGHAI: China's top zinc producer, Hunan Nonferrous Metals Corp Ltd, will start production at its partly owned lead and zinc mining project in Pakistan in November, a company executive said on Sunday.
"The project will start production in mid-November," said Wang Jianjun, the import and export department head of Zhuzhou Smelter Group, a Shanghai-listed unit of Hunan Nonferrous Metals. ... |
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Outlanders subtract $8.49mn from stocksSep 08, 2008 Ghulam Raza Rajani
KARACHI: Political stalemate along with weakening economic indicators forced the foreign investors to offload their holdings as net portfolio investment in the stock market witnessed further pull out of $8.49 million by the offshore investors during the week ended September 5, 2008. ... |
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JP Morgan raises eyebrows over KSE index freezingSep 08, 2008 Monitoring Desk
KARACHI: JP Morgan has shown serious concerns over freezing of Karachi Stock Exchange (KSE)'s benchmark 100-Index.In a letter issued to KSE management on Sunday, JP Morgan raised worries over the exercise of freezing index, which was done by the authorities to avoid further slump at the Exchange, and said that this step has further hampered the depleted investors' confidence. ... |
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Zardari calls off holiday, says it’s time to workSep 08, 2008 Monitoring Desk
ISLAMABAD: The newly elected President of Pakistan, Asif Ali Zardari has taken strict notice of the decision by Sindh government to declare public holiday on Monday, which added to weekly holiday. ... |
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US govt to adopt Fannie, Freddie; stakeholders see pain, problemsSep 08, 2008 WASHINGTON: The US government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday.
The move to take control of the two companies, could amount to the largest financial bailout in the nation's history, and is a bid to ward off further damage to the US housing market which is in its deepest downturn since the Great Depression. ... |
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